Many Canadians are choosing to invest in vacation properties for purposes such as relaxation, wealth-building, and family moments. Accessible mortgages with low rates are available for vacation properties, including non-winterized or remote locations, making it easier to find the best mortgage for various purposes such as a lake cottage or college housing. Different lending criteria apply to secondary homes compared to primary residences, with some properties qualifying for a minimum down payment of 5% or 10% while others require 20% or more. Various types of cottages have different requirements, with certain types necessitating a higher down payment and receiving higher rates. Mortgage options depend on the property type, whether it is categorized as year-round accessible or seasonal, and down payments can be incorporated via mortgage refinancing, HELOC, or reverse mortgage. Canadians can take advantage of innovative tools for streamlined processes and accuracy, and can reach out for complete information and a quick mortgage pre-approval process.